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# EuroChem has borrowed money to refinance debts

Publication Date: 2020-04-24T09:47:18-04:00
Last Updated: 2020-04-23T09:49:55-04:00

Author: Elena Shalashnik (https://www.fertilizerdaily.com/author/shea2707/)

Categories: [Corporate](https://www.fertilizerdaily.com/corporate/)

![EuroChem has borrowed money to refinance debts](https://www.fertilizerdaily.com/wp-content/uploads/2020/04/Eurochem-eurobond.jpg)

The leading global fertilizer producer ran short of money again.

EuroChem has completed two bond issues with a total value of 35 billion rubles ($ 480 million). Their maturity period is five years.

The first tranche was for 10 billion rubles at 8.25% per annum, and the second one – for 25 billion rubles at 8.05%.

About 50 investors took part in the transaction across both EuroChem bond tranches. EuroChem plans to use the proceeds from both bond issues to refinance short-term maturities.

Tags: [Eurobonds](https://www.fertilizerdaily.com/tag/eurobonds/), [EuroChem](https://www.fertilizerdaily.com/tag/eurochem/)

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